NAME: Car Data

TYPE: Multiple Regression

SIZE: 810 observations, 12 variables

DESCRIPTIVE ABSTRACT:
Data collected from Kelly Blue Book for several hundred 2005 used GM cars
allows students to develop
a multivariate regression model to determine their car value based on a
variety of characteristics
such as mileage, make, model, engine size, interior style, and cruise
control. Students learn to
look at residual plots and check for heteroskedasticity, autocorrelation,
and multicollinearity.

SOURCES:

For this data set, a representative sample of over eight hundred, 2005 GM
cars were selected,
then an algorithm was developed following the 2005 Central Edition of the
Kelly Blue Book to
estimate retail price. </p>

VARIABLE DESCRIPTIONS:
Price: suggested retail price of the used 2005 GM car in excellent
condition. The condition of a
car can greatly affect price. All cars in this data set were less
than one year old when
priced and considered to be in excellent condition.
Mileage: number of miles the car has been driven
Make: manufacturer of the car such as Saturn, Pontiac, and Chevrolet
Model: specific models for each car manufacturer such as Ion, Vibe,
Cavalier
Trim (of car): specific type of car model such as SE Sedan 4D, Quad Coupe
2D
Type: body type such as sedan, coupe, etc.
Cylinder: number of cylinders in the engine
Liter: a more specific measure of engine size
Doors: number of doors
Cruise: indicator variable representing whether the car has cruise
control (1 = cruise)
Sound: indicator variable representing whether the car has upgraded
speakers (1 = upgraded)
Leather: indicator variable representing whether the car has leather
seats (1 = leather)

SUBMITTED BY:
Shonda Kuiper
Grinnell College
1116 8th Ave, Grinnell, IA 50112